Given a 7 percent interest rate, compute the present value

Question: Given a 7 percent interest rate, compute the prese…

Given a 7 percent interest rate, compute the present value of payments made in years 1, 2, 3, and 4 of $1,800, $2,000, $2,000, and $2,300. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)